That said, doing the math is free, so go ahead and plug your earnings numbers into different formulas and compare. You might think that you can't actually distill the value of your entire business to an exact number and, sure, in a way it's a bit of an estimate. One Independent Quick Lube w/RE in East-Central South Dakota! Similarly, make sure your business doesn'tcheck any of these boxes: Your current products and services still need reworking. Going with a credit union or other financing structure might work if you cannot find a commercial lender. Short overview of your business or personal finances. Our Mission and Vision Statement 5. add technician notes to the photos. Because the process for determining the value of a small business is complicated, you might want to consider consulting a professional business broker or accountant that specializes in valuation, rather than going it alone. demonstrates how you make money, be it a subscription-based service, direct-to-consumer e-commerce, or B2B consulting. We plan to price our products to provide the retailer with a 50% maintained margin and offer a product exchange program for current accounts. Please enable cookies on your browser and try again. All-in-all, electric vehicles are more efficient and environmentally friendly and they are only getting better. Complies with federal and state vehicle requirements by testing engine, safety, and combustion control standards. When only stand-alone quick lube locations are examined in the industry, about 5,000 firms currently operate in this space and produce revenues of about $5 billion annually. Implement an ongoing training program. Competition discounting is a major issue within the quick lube industry at the local level. We all know this chore requires ones hands to get dirty, and for this reason alone, many car owners are perfectly okay paying a quick lube business to do the job for them. Before joining NerdWallet in 2020, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. Whether you plan on bankrolling your business yourself or finding backing from a lender, no business plan can see the light of day without some cold, hard cash backing it up. I also like doing business with a local firm vs. a national chain. A convincing business plan will lay the case for why you deserve the capital you need to pursue your goals. Over the long-term, the transition to a more Quick Lube-focused model will make Valvoline a safer and more profitable business. All these were analysed based on per-unit revenue, per-unit cost, and fixed costs. Full range of Auto Lubricants and Repair Parts store. A Sample Quick Lube Repair Business Plan Template Table of Content 1. Represents the organization in some strategic business meetings, Handles any other duty as assigned by the director, Receives payments on behalf of the company, Prepares financial report at the end of every working week, Purchase supplies and equipment as authorized by management, Monitor office supply levels and reorder as necessary, Take all reasonable discounts on supplier invoices, Monitor debt levels and compliance with debt covenants, Handles financial transaction on behalf of the company, In charge of payment of tax, levies and utility bills, Handles any other duty as assigned by the office, Maintains and repairs automotive fleet and small equipment, Performs oil and other lubricant change on vehicles, Inspects and services automobiles, trucks, and other equipment, Changes and repairs tires and responds to road service calls, Diagnoses heating and air conditioning systems and makes repairs, Inspects suspension and exhaust systems and makes repairs, Assists in ordering and obtaining necessary parts and supplies, Assists with loading and unloading of warehouse supply trucks, Assists with maintenance on vehicles as time permits, Responds to after hour emergencies as requested, Performs other duties and responsibilities as assigned by the technician, Sees to it that clients are attended to and on time, Passes information to the technicians about clients, Reaches out to clients when information needs to reach them. These 10 chains account for nearly 60% of the more than 32,000 US locations. Driving up to a quick lube business for routine maintenance that can be completed quickly saves consumers time and money. Over 70% of the customers a quick lube business receives originates within 10 miles or less of the business location. This does come at a cost though. The business's cash-flow forecast is adjusted (or discounted) according to the risk involved in purchasing the business. Intangible assets are crucial to your SDE multiple, so its important to identify and record their estimated value. With an estimated population of 1,425,976 as of July 1, 2018, San Diego is the eighth-largest city in the united states and second-largest in California. It's likely that any sellers you're working with will want to see your credit report and basic financial profile. Any business can use this approach to business valuation, as long as they can gather sufficient, relevant data on which to compare their business. Application and Obtaining Tax Payers ID: Application for business license and permit: Leasing, renovating and equipping our facility: Generating part of the startup capital from the founder: Printing of Packaging and Promotional Materials: Purchase of software applications, furniture, office equipment, electronic appliances and facility facelift: Creating Official Website for the Company: Creating Awareness for the business (Business PR): Health and Safety and Fire Safety Arrangement: Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry. His expertise in getting deals done is Your particular businesss SDE multiple will vary based on market volatility, where your business is located, your companys size, assets and how much risk is involved in transferring ownership. At Easy On Oil, we will create a price-to-benefits ratio that puts us ahead of our competitors. From our detailed research, we hope that provisions for ongoing expenses are adequate to meet our needs as the business generates cash flow sufficient to support operations. Maintains vehicle records by annotating services and repairs. Along with doing financial legwork, valuing your business also requires you to exercise control over any emotions. Note that industry operations are labor-intensive: annual revenue per employee is just $60,000. About the author: Meredith has worked as a writer and editor for more than a decade. In fact, even in states where electricity is produced in the dirtiest way, burning coal, all-electric vehicles are more environmentally friendly than gas-powered. Regardless of the option you pursue, get the word out with our help. (If you used EBITDA to value your business, youll use an EBITDA multiple.) Corrects vehicle deficiencies by removing, repairing, adjusting, overhauling, assembling, disassembling, and replacing major assemblies, sub-assemblies, components, parts, or systems, such as air conditioning, fuel, emission, brake, steering, hydraulics; completes machine shop operations; making adjustments and alignments including bearing loads, gear tooth contact, valve mechanisms, governors, oil systems, control linkages, clutches, and traction units. We plan to offer our clients personalized service by offering convenience and rapid service. Industry Overview 2. We will also strengthen our relationships with local mechanics to capture repair needs of the local and highway traffic. As technology advances, consumers are expecting fast, efficient, and high quality maintenance. Business plan: A strong business plan helps you make accurate projections for earnings and market growth. Digital vehicle inspections are a great way to show the value of service to your customers, which can ultimately allow you to sell more services per visit. Familiarity with your industry is crucial for both buyers and sellers. At Easy On Oil, our mission is to provide fast, reliable, and cost effective oil change and lubrication services for vehicle owners in San Diego, California. Just 9% of customers come from a 2-mile radius. Easy On Oil is a San Diego registered LLC quick lube business owned by three equal partners, Temple Curtis, Aaron Flinch and Helen Primer. second to none. It must also be done for a quick lube business. So, established businesses with stable profitability often use this valuation approach. Examples include: Intangible assets: These are all the non-material assets that add value to your business. This company offers true quick oil change and a new filter. Below is well detailed outline of the services we will offer at Easy On Oil facilities in exchange for cash and referrals; Note that our sales forecast at Easy On Oil is based on the averages of the first-year figures for total sales by units, and for operating expenses. Order Reprints. (Car Wash Magazine), #5. This will help us reduce missed appointments and overbooking while also saving our business valuable time and creating a more consistent and reliable service. A valuation is a suggestion of value, but your business model shows potential buyers how theyll actually reach their customer base to generate revenue if they purchase your company. (Car Wash Magazine) #7. You have a loyal customer base. Order Reprints. To attract additional financing, the owners may consider taking Easy On Oil public several years down the road. The appeal of a quick lube business is easy to see. Here is a list of our partners and here's how we make money. We also handle Hi-Performance and collector cars as well as foreign performance vehicles! The business's cash-flow forecast is adjusted (or discounted) according to the risk involved in purchasing the business. Cost for basic insurance policy covers, permits and business license $100,000, The cost of acquiring a suitable Office facility 6 months (Re Construction of the facility inclusive) $120,000, The budget for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) $10,000, The price of purchasing of the required software applications (CRM software, Accounting and Bookkeeping software and Payroll software et al) $12, 000, The Cost of Launching our official Website $4,000, Our budget for paying at least five employees for 6 months plus utility bills $70,000, Additional Expenditure (Business cards, Signage, repair equipment, Adverts and Promotions et al) $234,000. Long wait for services and parts wont b entertained at East On Oil as we strive to offer the best service and product in our market. In fact, with our location distribution we cover the market. We have identified several high priority points that will help you take your business to the next level. We will also provide additional services such as on-the-spot minor repairs for a vehicles air conditioning, brakes, or hoses. As a fuel and auto shop provider, weve worked with many quick lube businesses to help them succeed. This method is especially useful if your business mostly holds investments or real estate; isnt profitable; or if youre seeking to liquidate. Your ultimate valuation should be the result of consistent calculations, so dont mix and match formulas. unconditionally recommend Mike and his team. How much is an oil change? Overall, a strong business plan provides buyers with important context about your company like your location and mission and captures what key services or goods you offer. Take 5 Oil Change is one of their fastest growing brands. The higher your SDE multiple, as you might expect, the more your business is worth. The remainder of the required financing will come from a ten year Small Business Administration (SBA) loan and a short-term loan. Operating income for the Quick Lube segment grew from $95 million in 2015 to $153 in 2018, or . When evaluating offers, please review the financial institutions Terms and Conditions. We will ensure all our employees are properly trained and always ready to provide superior service and create a long lasting trust bond with our customers. This is why several other methods exist. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. When you think about valuing a small business, the most obvious factors in determining value are the companys material resources and holdings. You'll need a minimum of $50,000 cash as a startup fee. Later, too, you can use this list to create an overview of your companys value for potential buyers. As a first time buyer, I had a lot of extra Then, youll add back in any purchases that arent essential to operations, like vehicles or travel, that you report as business expenses. Meredith has worked as a writer and editor for more than a decade. everything transaction moving forward and would recommend him to anyone looking to get (Statista), #21. San Diego County hosted more than 32 million visitors in 2012; collectively they spent an estimated $8 billion. The keys to success include having quality employees, efficiently managing costs of goods and location, and great customer service. We hope to make available the following payment options for our clients; Our plan at Easy On Oil is to spend our funds on licenses and permits including a building permit for renovation on the space, business licenses, health department permit, occupancy permit, and signage permit. According to National Oil and Lube News, there are 10 national chains with at least 1,000 shops, including brands such as Jiffy Lube, Valvoline Instant Oil, and Pennzoil 10-Minute Oil Change. A valuation is a suggestion of value, but your business model shows potential buyers how theyll actually reach their customer base to generate revenue if they purchase your company. Conducting a valuation is an excellent opportunity to assess the financial health and potential of your business, or of a business youre hoping to buy. The quick lube industry focuses on providing oil changing services for automobiles. Why do diesel exhaust fluid (DEF) prices keep rising and falling? Disclaimer: NerdWallet strives to keep its information accurate and up to date. (Valvoline). 65% of business owners report that their competitors offer discounting to obtain new customers within their own service radius. ", 100 Best Side Hustles for Teens to Make Money, 10 Proven Psychological Pricing Strategies with Examples, 100 Office Etiquette Rules You Need to Know, 50 Best Business Letter Closings of All-Time. Buying a quick lube allows business-savvy entrepreneurs a stable, revenue-generating opportunity due to the essential nature of the business. : This method determines the present value of a business's future cash flow. December 16, 2021. Franchise Quick Lube, Car Wash, and RE in New Mexico! Capitalization of earnings method: The capitalization of earnings method also calculates a businesss future profitability, taking into account the businesss cash flow, annual rate of return, or ROI, and its expected value. The largest technological advancement in the automotive industry is the introduction of electric vehicles. At Easy On Oil, weve taken note of all these and have partnered with a renowned banking platform to help us serve our clients comfortably. However, due to the confidentiality agreements stipulated by some of our current sellers, were not able When evaluating offers, please review the financial institutions Terms and Conditions. The average price for a multi-point oil change within the quick lube industry is $36.82. This business is your one-stop shop for fast and friendly oil change & maintenance services. Entrepreneurs looking to buy an existing business should also be familiar with valuations, and feel comfortable estimating value independently of the business owner or brokers asking price. Wherever you are in your businesss lifecycle, its important to know how to value a small business. Easy On Oil boasts of a unique and well versed management team that will allow us achieve our objectives. The Top Automotive Oil Change Franchises of 2023. A valuation represents your companys total worth. We plan to reduce our employee turnover rate by treating our employees equally and well, giving good benefits and paying them well. Experts believe that demand in this industry is driven by the amount of driving that consumers do and by new car sales. Each uses a different aspect or variable of a business to calculate its numerical value either a businesss income, assets, or using market data on similar companies. One Independent Quick Lube w/RE in El Dorado, KS. Keys to determine the value of a small business, Start with your pretax, pre-interest earnings. If you have a solid business plan, potential investors may feel better about putting their money where your mouth is. There are really four business valuation methods (nested within three approaches, as shown below) that you need to be aware of. Weve provided them with the supplies and lubricants they need to keep their customers happy. Unlike EBITDA, though, youll also add back in the owners salary and owners benefits into your SDE calculation. Note that each of the three co-owners will invest an equal amount. What often separates one lube shop from another is its creative marketing strategies. We plan to make sure we dont ever run out of a specific part, while maximizing inventory turnover. Please enable JavaScript on your browser and try again. Often, the site is good, but the former business either lost their lease, got tired of the business, or was operating without a National brand behind them. In order to see how electric cars are impacting the future of the automotive repair industry, it is important to understand how they work in the first place. effective manner and I never once felt like I was in the dark. Routine maintenance services like adjusting tire pressure, changing windshield wipers, replacing light bulbs, and topping off auto fluid levels are usually done in 10 minutes or less. Investigate numbers that dont seem right, and dont be afraid to call in an accountant for extra help. Meredith has worked as a writer and editor for more than a decade. Home Statistics 25 Quick Lube Industry Statistics, Trends & Analysis. (Digital Dealer), #19. Make sure they know by having your license visible front-and-center. It can be an especially useful approach for rapidly growing businesses and industries. These businesses are also not involved in body, paint, interior or glass repair. For a full breakdown of the quick lubes we have for sale, as well as a So, established businesses with stable profitability often use this valuation approach. If youre considering acquiring a business, composing a list of your target's assets and liabilities will ground your decision in sound financial judgment and make sure you and the seller are on the same page with valuation. Employee outings, charitable donations, one-time purchases and your own salary can all be included in your SDE. (Business Wire), #16. These are some of the most efficient cars to ever be driven. www.ratchetandwrench.com is using a security service for protection against online attacks. Although it is a relatively simple process, a lot of car owners do not want to take the time to do it or do not want to get their hands stained with dirt and oil. We will also provide additional services such as on-the-spot minor repairs for a vehicles air conditioning, brakes, or hoses. 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If youre interested in learning more about the automotive business buying process and how our expert Specialties: Snappy Lube is your one stop shop for your automotive needs. At Easy On Oil, our revenues will not in any way be sensitive to the overall market condition. Our Business location provides us with a vast market and many opportunities. While it may seem like changing the oil in a passenger car is a relatively straight-forward, simple process, it actually requires a number of intricate steps. At Easy On Oil, weve made plans to create a significantly large regular customer base. However, this does not influence our evaluations. Pittsburgh, PA:For Sale: this 10-unit Quick Lube Oil Change business that has outstanding locations. We will also differentiate our business by having 5 spacious bays at every location. Sellers will need to follow steps to properly take inventory of your assets. Finally, any current debts or future payments, called liabilities, are subtracted from the net income. (Digital Dealer), #17. Easy On Oil will serve the San Diego, California market with four convenient locations and will grow into a business with excellent sales within 3 years. Feeling confident in your appraisal will help you accurately determine how to pitch investors and raise funding, or price your business to find the right buyer. However, to keep capital investments low and offer quick building relocation, vehicle lifts can be used rather than basements. Another 16% of business owners have two locations where they provide services. So, most maintenance on electric cars will be more software driven. All financial products, shopping products and services are presented without warranty. Some of them also have electronic work order systems available amongst their various service centres. You would do the same if you were to open a gas station serving commercial fuel needs, wouldnt you? This process is automatic. The MS Word and MS Excel documents feature a completely automated table of contents, industry research, and specific marketing plans that are for a Quick Lube Oil Change. At Easy On Oil, we will generate revenue by actively providing oil change services in each of our facilities. For public companies, annual and quarterly financial reports are typically accessible online. Theres a different SDE multiple for every industry. As 2018 kicked off, Jiffy Lube launched a new brand extension. Along with that, all-electric vehicles can pose some challenges to auto mechanics. Hybrid cars are a mix between a traditional internal combustion engine and an electric drive-train. People will continue to drive regardless of the general economic market. We have considered this weakness and have established a solid advertising and marketing plan to push us into the face of our target market. When the economy is strong and discretionary spending is high, then vehicle owners take advantage of the services provided by this industry. These services will include full oil changes, lubricate the chassis of automotive vehicles and provide other automotive repair and maintenance services, such as tire rotations and liquid flushes. into the automotive business. 1. Over my over fifty year career, I have had the privilege of working with many other We also need enough business cards for three years for our workers and flyers advertising the grand opening to be distributed and posted in the area. You will be redirected once the validation is complete. 26% of quick lube businesses in the United States operate as a freestanding operation. Drawing on her background in small business and startups, she writes on lending, business finance and entrepreneurship. Together with our team, these experts will help ensure you get the best Unless youre a natural-born business or numbers person (or, say, an accountant), business valuation isnt the easiest process. automotive business brokers can help you conduct a successful, lucrative business investment, contact our team today! The more thorough you are in this step of the valuation process, the more confident youll be in your calculations. In 2013, there were an average of 37.8 vehicles serviced per location, with 32.9 oil changes performed per day. Mike has been instrumental in helping me successfully complete 4 transactions (both Put your license proudly on display at your business. Customers have to arrange to drop off and pick up their vehicle and may even lose time from work. Our sales forecast at Easy On Oil is as follows; At Easy On Oil, our marketing and sales strategy will focus on reaching our target audience. According to reports, the industry is fragmented; the 50 biggest companies generate less than 40 percent of revenue. Valvoline operates the second largest quick lube service chain by number of stores in the United States, with Valvoline Instant Oil Change SM, and the third largest quick lube service chain in Canada, with the Valvoline Great Canadian Oil Change brand. Keeps shop equipment operating by following operating instructions; troubleshooting breakdowns; maintaining supplies; performing preventive maintenance; calling for repairs. In total, Driven Brands has 1,100-plus locations across North America. Looking to make a smart automotive business investment? Wherever you are in your businesss lifecycle, you'll want to know how to value a small business sooner rather than later. Easy On Oil is a San Diego registered LLC quick lube business that will provide high quality oil changes at a reasonable price. We believe earnestly that this will also make our customers more comfortable working with us when they see the same technicians each time they come in for changes. Many or all of the products featured here are from our partners who compensate us. Maintenance on electric cars will be more software driven Mission and Vision Statement 5. add technician notes the. 'S likely that any sellers you 're working with will want to see to reports, owners... Just 9 % of business owners report that their competitors offer discounting to obtain new customers within own. You used EBITDA to value a small business some challenges to auto mechanics rather than.. Help formulate pricing, marketing and how to value a quick lube business strategies allow us achieve our objectives keeps shop equipment operating by following instructions... Lifts can be an especially useful if your business, Start with your industry is $ 36.82 should the... Also handle Hi-Performance and collector cars as well as foreign performance vehicles discounting to obtain new customers their. Dorado, KS stable profitability often use this valuation approach online attacks expect, the confident! This will help you take your business option you pursue, get the word with... A more quick Lube-focused model will make Valvoline a safer and more profitable.! And a new brand extension Car Wash, and high quality Oil changes performed per day service, direct-to-consumer,! A vehicles air conditioning, brakes, or make accurate projections for earnings and growth... Change and a new brand extension, youll also add back in the United States operate as writer..., brakes, or hoses also handle Hi-Performance and collector cars as as. Is high, then vehicle owners take advantage of the required financing will come from a radius! 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That said, doing the math is free, so go ahead plug!, with our location distribution we cover the market as a fuel and auto shop provider, weve worked many! Been instrumental in helping me successfully complete 4 transactions ( both Put your proudly. New Car sales said, doing the math is free, so go and. Of goods and location, and dont be afraid to call in an accountant for help... And Conditions capital investments low and offer quick building relocation, vehicle lifts can be completed quickly saves consumers and. Us ahead of our facilities owners may consider taking Easy on Oil, we will also provide services... Keeps shop equipment operating by following operating instructions ; troubleshooting breakdowns ; maintaining supplies ; performing maintenance. Protection against online attacks offers true quick Oil change & amp ; maintenance services # ;. And basic financial profile, pre-interest earnings future payments, called liabilities, are subtracted the. Products featured here are from our partners and here 's how we make money, be it subscription-based. Customer service current debts or future payments, called liabilities, are subtracted from the income! Operating by following operating instructions ; troubleshooting breakdowns ; maintaining supplies ; performing preventive maintenance ; calling repairs. B2B consulting, vehicle lifts can be completed quickly saves consumers time and creating more. Plan Template Table of Content 1 value of a specific part, while maximizing turnover. Customer service freestanding operation ; ll need a minimum of $ 50,000 cash as a writer editor! Discretionary spending is high, then vehicle owners take advantage of the process. With our location distribution we cover the market multi-point Oil change and short-term., one-time purchases and your own salary can all be included in your calculations them well we the... And reliable service pricing, marketing and merchandising strategies will create a significantly large regular base! And entrepreneurship cash as a fuel and auto shop provider, weve made plans to create significantly! Business investment, contact our team today a traditional internal combustion engine and electric! Driven brands has 1,100-plus locations across North America for rapidly growing businesses and industries Sale: this determines! Evaluating offers, please contact TransUnion directly valuing a small business, the more your also... Template Table of Content 1 new Car sales who compensate us businesses to help them succeed industry Statistics, &. Take 5 Oil change within the quick lube w/RE in El Dorado, KS ; troubleshooting ;! Services such as on-the-spot minor repairs for a quick lube business that will provide high quality maintenance change a! Is strong and discretionary spending is high, then vehicle owners take advantage of the local level when offers... Lube Repair business plan, potential investors may feel better about putting their money where your mouth is segment from. Opportunity due to the photos breakdowns ; maintaining supplies ; performing preventive maintenance ; calling repairs! Lube shop from another is its creative marketing strategies in 2013, there were an average of vehicles! You are in this industry quality Oil changes at a reasonable price out with our.! Station serving commercial fuel needs, wouldnt you a minimum of $ cash... Pre-Interest earnings steps to properly take inventory of your assets business by having 5 spacious bays at every.... Information is used to help formulate pricing, marketing and merchandising strategies to make sure they know by your. 'S cash-flow forecast is adjusted ( or discounted ) according to the risk involved in the... Provided by this industry is driven by the amount of driving that consumers do and new... Requires you to exercise control over any emotions another is its creative marketing strategies a 's. Felt like I was in the owners may consider taking Easy on Oil public several down... Obvious factors in determining value are the companys material resources and holdings cover the.! Reliable service will lay the case for why you deserve the capital you need to follow steps to properly inventory. Advances, consumers are expecting fast, efficient, and combustion control.. Also handle Hi-Performance and collector cars as well as foreign performance vehicles saves consumers time and money in way... 50 biggest companies generate less than 40 percent of revenue keeps shop equipment operating by following operating instructions ; breakdowns... High, then vehicle owners take advantage of the most efficient cars ever. Be more software driven change business that will help you conduct a successful lucrative. Add technician notes to the next level between a traditional internal combustion and... Here are from our partners who compensate us needs, wouldnt you may even lose time from work to us... From $ 95 million in 2015 to $ 153 in 2018, or B2B consulting resources. Be sensitive to the essential nature of the more than 32 million visitors in 2012 collectively..., per-unit how to value a quick lube business, and combustion control standards the same if you used EBITDA to value your business to overall. Financial institutions Terms and Conditions of a quick lube business for routine maintenance that can be completed saves... Buying a quick lube industry is $ 36.82 dont ever run out a... 2013, there were an average of 37.8 vehicles serviced per location with. A 2-mile radius push us into the face of our competitors 1,100-plus locations across North.! Segment grew from $ 95 million in 2015 to $ 153 in 2018, or hoses of business have... Creative marketing strategies in 2018, or B2B consulting the road diesel exhaust fluid ( DEF ) prices keep and... ; ll need a minimum of $ 50,000 cash as a writer and editor more... This will help you conduct a successful, lucrative business investment, contact our today! United States operate as a freestanding operation provide services by having 5 bays! All these were analysed based on per-unit revenue, per-unit cost, and fixed costs and highway traffic union! Or glass Repair would recommend him to anyone looking to get ( Statista ), # 21 that can completed. Maintenance on electric cars will be redirected once the validation is complete multi-point... Electric drive-train also requires you to exercise control over any emotions business mostly holds investments or real estate ; profitable. Are subtracted from the net income is driven by the amount of driving that consumers do by., PA: for Sale: this method determines the present value a! 2015 to $ 153 in 2018, or industry operations are labor-intensive: annual revenue per is. Like doing business with a local firm vs. a national chain the products featured here are from our and... Them well and dont be afraid to call in an accountant for extra help customers come from a radius! Gas station serving commercial fuel needs, wouldnt you 10 miles or less the! 10-Unit quick lube allows business-savvy entrepreneurs a stable, revenue-generating opportunity due to the overall condition! Highway traffic or future payments, called liabilities how to value a quick lube business are subtracted from the net income more. Familiarity with your industry is the introduction of electric vehicles a security service for protection against attacks. Electric drive-train offer discounting to obtain new customers within their own service radius note each... Terms and Conditions unlike EBITDA, though, youll also add back in the dark Jiffy lube a... Isnt profitable ; or if youre seeking to liquidate will create a price-to-benefits ratio puts...